November 2009

Madras University Business Law

PART A - (10 X 2 = 20 marks) Answer any Ten Questions,each in 30 words 1. what is wagering contract? 2. What is offer? 3. What is meant by revocation? 4. What is unilateral mistake? 5. State any two void agreement. 6. Write a note on quasi contract. 7. What are contingent goods? 8. What is voidable contract? 9. Who can demand performance? 10. What is particular lien? 11. Name any two persons not competent to contract 12. Define unpaid seller PART B - (5 X 5 = 25 marks) Answer any five questions 13. "An offer can be made to a definite person or to the public at large"-Explain 14. Explain the rules relating to the contingent contract. 15. What are the essentials of a valid tender? 16. Explain the breach of contract as a mode of discharge of contract. 17. How a continuing guarantee can be revoked? 18. Distinguish between a contract of indemnity and a contract of gurarantee.

19. What are the duties and rights of a finder of lost goods?

PART C - (3 X 10 = 30 marks) Answer any three Questions 20. Explain the rules as to acceptance 21. What is quasi contract? Give its kinds 22. Distinguish between wagering contract and contingent contract 23. Examine the rules regarding delivery of goods 24. State the rights of an unpaid seller. MADRAS UNIVERSITY B.Com Degree Examination Business Statistics and Operation Research Model paper-1

Time : Three Hours Maximum : 100 marks SECTION-A all questions carry 8 marks Answer any FIVE Questions 1. What are the methods of classification of data? 2. Calculate arithmetic mean of the weight of ten students in a class. Weight (in kgs.): 42 56 49 50 49 53 52 48 47 54 3. Calculate median marks from the following data. 35 46 29 57 60 73 20 59 50 70 4. Calculate index number by Kelly's method. 2001 2002 Commodity Price Quantity Price Quantity (in Rs.) (in Rs.) A 10 20 12 16 B 15 10 18 12 C 12 15 15 9

D 25 5 20 11 E 30 3 28 5 F 20 10 15 8 5. Calculate quartile deviation from the following data. 25 15 30 45 40 20 50 6. From the following data calculate Karl Pearson's coefficient of skewness. 40 36 42 53 20 65 67 20 36 7. Calculate Karl Pearson's coefficient of correlation. X : 25 10 20 32 50 28 26 14 12 13 Y : 15 12 19 26 23 22 13 10 15 5 8. Fit trend line through semi average method. Year : 1985 86 87 88 89 90 91 92 Income: 45 49 54 60 80 96 100 120 SECTION-B all qestions carry 20 marks Answer any THREE Questions 9. Find out the literates by graphic method for the year 1982. Year : 1965 70 75 80 85 90 No. of literates : 47 59 63 78 92 112 10. A coin is tossed 7 times. find the probability of obtaining (a) 6 heads (b) 7 heads and (c) 5 or more heads 11. Solve the following transportation problem. From To A B C Available I 50 30 220 1 II 90 45 170 3 III 250 200 50 4 Requirement 4 2 2 12. Calculate geometric mean and harmonic mean fron the data given below. 42 57 115 127 39 55 13. State the various methods of ascertaining the regression equation? MADRAS UNIVERSITY B.Com Degree Examination Business Statistics and Operation Research Model paper-1

Time : Three Hours Maximum : 100 marks SECTION-A all questions carry 8 marks Answer any FIVE Questions 1. What are the methods of classification of data? 2. Calculate arithmetic mean of the weight of ten students in a class. Weight (in kgs.): 42 56 49 50 49 53 52 48 47 54 3. Calculate median marks from the following data. 35 46 29 57 60 73 20 59 50 70 4. Calculate index number by Kelly's method. 2001 2002 Commodity Price Quantity Price Quantity (in Rs.) (in Rs.) A 10 20 12 16 B 15 10 18 12 C 12 15 15 9 D 25 5 20 11 E 30 3 28 5 F 20 10 15 8 5. Calculate quartile deviation from the following data. 25 15 30 45 40 20 50 6. From the following data calculate Karl Pearson's coefficient of skewness. 40 36 42 53 20 65 67 20 36 7. Calculate Karl Pearson's coefficient of correlation. X : 25 10 20 32 50 28 26 14 12 13 Y : 15 12 19 26 23 22 13 10 15 5 8. Fit trend line through semi average method. Year : 1985 86 87 88 89 90 91 92 Income: 45 49 54 60 80 96 100 120 SECTION-B all qestions carry 20 marks Answer any THREE Questions 9. Find out the literates by graphic method for the year 1982. Year : 1965 70 75 80 85 90

No. of literates : 47 59 63 78 92 112 10. A coin is tossed 7 times. find the probability of obtaining (a) 6 heads (b) 7 heads and (c) 5 or more heads 11. Solve the following transportation problem. From To A B C Available I 50 30 220 1 II 90 45 170 3 III 250 200 50 4 Requirement 4 2 2 12. Calculate geometric mean and harmonic mean fron the data given below. 42 57 115 127 39 55 13. State the various methods of ascertaining the regression equation?